IQVIA Holdings Inc. stock research
FY2023 Q1
IQVIA Holdings (IQV) Gross Margin — Quarter Ended Mar 31, 2023
Revenue increased compared to the same quarter last year, while gross profit rose slightly and cost of revenue also increased, resulting in a lower gross margin. Relative to the prior quarter, revenue was unchanged, but the lack of gross profit data for that period prevents a direct margin comparison.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared to the same quarter last year, while gross profit rose slightly and cost of revenue also increased, resulting in a lower gross margin. Relative to the prior quarter, revenue was unchanged, but the lack of gross profit data for that period prevents a direct margin comparison.
- Cost of revenue increased while revenue increased, and the gross margin percentage decreased year over year.
- Compared to the immediately preceding quarter, revenue was similar; gross profit, cost of revenue, and gross margin data for that quarter are not available. Compared to the same quarter one year earlier, revenue was higher, gross profit was slightly higher, cost of revenue was higher, and gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
22.0%
Gross profit
$802.0M
Revenue
$3.7B
Cost of revenue
$2.9B
Quarter-over-quarter change
n/a
Year-over-year change
-0.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $3.7B | $802.0M | $2.9B | 22.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Cost of revenue increased while revenue increased, and the gross margin percentage decreased year over year.
Compared to the immediately preceding quarter, revenue was similar; gross profit, cost of revenue, and gross margin data for that quarter are not available. Compared to the same quarter one year earlier, revenue was higher, gross profit was slightly higher, cost of revenue was higher, and gross margin was lower.
Monitor the separate reporting of depreciation and amortization within cost of revenue, as disclosed in the filing, to understand cost structure changes.